PayPal bringing new commerce platform into Home Depot

PayPal bringing new commerce platform into Home Depot

Summary: PayPal is rolling out its mobile commerce and payments platform to all of its nearly 2,000 stores nationwide.

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PayPal has been teasing us with its new mobile commerce solutions for a few months now, with particular prominence and demos at eBay's Innovate Developer Conference 2011 in October and a pop-up shop in New York City.

Now, the new mobile payments are becoming more available to a wider range of consumers thanks to a new partnership with Home Depot.

Starting today, PayPal is rolling out its mobile commerce and payments platform to all of Home Depot's nearly 2,000 locations nationwide. A more detailed schedule for the roll-out is available on the official PayPal blog.

Home Depot is the first brick-and-mortar retailer to accept PayPal in stores.

As a reminder, customers have a couple of new options to pay with their PayPal digital wallets. Shoppers can either go card-free by entering just their phone numbers in conjunction a pin number, or they can use an actual PayPal card.

PayPal is so confident in the rapid rise of mobile commerce transactions that, in January, the eBay-owned company upped its mobile payment volume predictions to $7 billion by the end of 2012.

By comparison, PayPal reached $4 billion in mobile payments volume in 2011, far higher than the company’s original prediction of $1.5 billion.

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Topics: Mobility, Browser, E-Commerce, Security, Wi-Fi

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